Salmon farmers, Grieg Seafood, will be evaluating alternatives for their operations on Skye.
The company revealed they would be assessing strategic alternatives over the coming months.
Although the company has five farms on Skye, the majority of their UK production comes from Shetland.
Grieg Seafood stated the distance between the islands has resulted in "few synergies between operations on Skye and operations on Shetland."
The company say they will explore several possibilities, and options could include different kinds of strategic partnerships, a business transfer of the farms to another company or assessing new ways to create better local synergies.
Andreas Kvame, CEO of Grieg Seafood, said: “This is an open process of exploration, and we cannot guarantee that it will result in any specific outcome.
"We value our 21 talented employees on Skye and understand that this situation creates a degree of uncertainty for them. We do not envisage that this process will lead to the loss of any jobs.”